Analytics and brochures

Starting from 1 January 2020, it has become possible to adjust tax obligations for transactions with foreign persons further to a mutual agreement procedure. 

Russia has joined the new OECD procedure that allows potential disputes with multinational corporations to be settled at the pre-trial stage (International Compliance Assurance Programme (ICAP) 2.0).

The Russian Finance Ministry and the Federal Tax Service consider as insufficiently effective their cooperation with experts from the World Bank with respect to the tax section of the Doing Business (DB) ranking. 

Russia was ranked 28th in 'Doing Business', the World Bank's updated ratings, moving up by three positions in comparison with last year. Russian Government officials do not agree with such a low assessment.

The programme of the integration of Russia and Belarus implies the partial consolidation of the economic systems of both countries starting from January 2021, including transition to a unified Tax Code, setting up a “single regulator” of the energy market and unification of customs policy. The Presidents of both countries may approve the programme by 8 December. 

The Russian Ministry of Finance is proposing to change the use of tax benefits in cross-border transactions in the draft of ‘Principle lines of budget, tax, and customs and tariffs policy for 2020 - 2022’.